Lockheed Martin Finance Internship: A Deep Dive

A finance internship at Lockheed Martin offers a unique opportunity to gain practical experience within a leading global security and aerospace company. It’s more than just number crunching; it’s about contributing to critical projects and understanding the financial complexities of a multi-billion dollar corporation.

What to Expect

Interns are typically assigned to various finance departments, including:

• Financial Planning & Analysis (FP&A): Assist in developing budgets, forecasts, and financial models. Analyze performance against plan and identify areas for improvement. You’ll likely use tools like Excel extensively.
• Accounting: Support the month-end close process, prepare journal entries, reconcile accounts, and ensure compliance with accounting standards.
• Internal Audit: Participate in audits to assess the effectiveness of internal controls and identify potential risks.
• Pricing & Estimating: Assist in developing cost proposals for government contracts, ensuring accuracy and competitiveness.
• Program Finance: Work directly with program teams, providing financial support for specific projects. This can involve tracking costs, analyzing variances, and ensuring compliance with contract requirements.

The specific responsibilities will vary depending on the department and the intern’s skill set, but generally involve:

• Data analysis and reporting
• Financial modeling
• Process improvement
• Working collaboratively with experienced finance professionals
• Presenting findings and recommendations to management

Benefits of the Internship

• Real-world experience: Apply classroom knowledge to real-world scenarios and contribute to meaningful projects.
• Networking opportunities: Connect with experienced finance professionals and build valuable relationships within the industry.
• Professional development: Enhance your technical skills and develop essential soft skills like communication, teamwork, and problem-solving.
• Exposure to the aerospace and defense industry: Gain insight into the financial aspects of a complex and dynamic industry.
• Competitive compensation: Lockheed Martin typically offers competitive pay and benefits to its interns.
• Potential for future employment: The internship can be a pathway to a full-time position after graduation. Many interns receive offers to join Lockheed Martin upon completion of their degree.

Qualifications and Application Process

Typically, Lockheed Martin seeks students pursuing a bachelor’s or master’s degree in finance, accounting, economics, or a related field. Strong analytical skills, proficiency in Microsoft Excel, and a solid understanding of financial principles are essential. The application process usually involves submitting a resume, cover letter, and transcripts online. Selected candidates will then be invited for interviews.

Tips for Success

To maximize your chances of landing a Lockheed Martin finance internship:

• Highlight relevant coursework and skills: Emphasize your knowledge of finance, accounting, and data analysis in your resume and cover letter.
• Demonstrate your analytical abilities: Be prepared to answer analytical questions during the interview process.
• Show your passion for finance: Express your enthusiasm for the field and your interest in Lockheed Martin.
• Network with Lockheed Martin employees: Attend career fairs and networking events to connect with recruiters and employees.

A finance internship at Lockheed Martin is a valuable opportunity to launch your career in finance. It provides hands-on experience, professional development, and exposure to a leading global company.